144k views
5 votes
What economic event led to the creation of the Federal Reserve?

User JMJ
by
4.4k points

2 Answers

4 votes

Answer:

C. Panic of 1907

Step-by-step explanation:

User Jamesla
by
3.8k points
3 votes

Answer:

A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system.

User Chyna
by
3.9k points